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✉news BusinessPersonal Finance first seen 12 h ago, last 9 h ago, peak #25

Andy Burnham Says UK Pension Triple Lock Should Be Scrapped

Original: UK State Pension Triple Lock To Be Scrapped, Andy Burnham Says

Andy Burnham has said the UK's state pension triple lock should be scrapped, according to a Morningstar report. The triple lock guarantees pensions rise each year by the highest of inflation, average earnings growth or 2.5%. His comments are drawing attention because the policy protects millions of pensioners' incomes and has long been politically difficult for any party to abandon.

Why now: A prominent politician challenging the pension triple lock threatens a costly pledge that affects millions of retirees, making it highly newsworthy.

Andy BurnhamUK state pensiontriple lockMorningstar

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